Ecclestone offers to pay for grand prix in London

Jun.28 (GMM) Bernie Ecclestone is gearing up on Thursday to launch a bid for a grand prix on the streets of London.

The plans are reportedly separate to a McLaren sponsor event that ‘virtualizes’ a layout in the British capital, as well as suggestions that a London race could be run in and around the Olympic stadium.

The Times reports that 81-year-old Ecclestone is prepared to put up almost $55 million to organise a street race around famous landmarks including Buckingham Palace, Trafalgar Square, Big Ben and Nelson’s Column.

Other British media reports say that the plans will be unveiled later on Thursday.

“Think what it would do for tourism,” Ecclestone said. “It would be fantastic, good for London, good for England – a lot better than the Olympics.”

Mayor of London Boris Johnson’s office did not immediately comment.

Ecclestone continued: “With the way things are, maybe we would front it and put the money up for it.

“If we got the okay and everything was fine, I think we could do that.”

Subbed by AJN.

  • Bec

    Hotel occupancy for the London Olympic fortnight is DOWN 30% on normal levels.

    London needs all the help it can get to attract tourists, after the £10 billion wasted on the Olympics seems to be driving them away.

  • IG

    There is no logic or consistency in this. Venues are having to pull out because they cannot pay Bernie’s sanctioning fees and here he is ready to spalsh the dough on London!!

  • peawee

    More attention seeking for whatever reason….there is no way this will happen.

  • Nick

    As someone living in London, I hope we don’t get a London GP. It will be horrible for everyone living here. London is a huge business city, and closing it down for over a weekend would do so much harm to people. Plus trains and buses will strike, which will just cause more issue with trying to get to work on the Friday. Plus the road works that will be put in for the grand prix will halt things even more. I mean just look at the people in Valencia, they HATE F1 now because it’s such an imposition. I don’t want people in London to start hating F1…
    Plus, London hasn’t got the things Monaco does i.e. the yachts, sea, endless amount of celebrities.
    And another street race? We already have enough, and Bernie has a bunch of other races lined up which are street races.
    Put an F1 race in one of the most overcrowded cities in the world is hardly a clever idea.